Bank Of New York Mellon Corp (NYSE: BK) is 25.53% higher on its value in year-to-date trading and has touched a low of $39.66 and a high of $65.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BK stock was last observed hovering at around $65.74 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $65.34, the stock is 2.08% and 5.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.48 million and changing -0.61% at the moment leaves the stock 16.74% off its SMA200. BK registered 48.43% gain for a year compared to 6-month gain of 19.08%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 3.29% loss in the last 1 month and extending the period to 3 months gives it a 10.84%, and is 2.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.10% over the week and 1.81% over the month.
Bank Of New York Mellon Corp (BK) has around 53400 employees, a market worth around $48.22B and $37.58B in sales. Current P/E ratio is 15.11 and Fwd P/E is 10.44. Profit margin for the company is 8.80%. Distance from 52-week low is 64.75% and -0.89% from its 52-week high. The company has generated returns on investments over the last 12 months (4.61%).
The EPS is expected to grow by 39.63% this year.
Bank Of New York Mellon Corp (BK) Top Institutional Holders
1674.0 institutions hold shares in Bank Of New York Mellon Corp (BK), with institutional investors hold 87.40% of the company’s shares. The shares outstanding are 759.34M, and float is at 734.74M with Short Float at 1.05%. Institutions hold 87.27% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 73.28 million shares valued at $4.22 billion. The investor’s holdings represent 9.6815 of the BK Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 63.6 million shares valued at $3.66 billion to account for 8.4022 of the shares outstanding. The other top investors are DODGE & COX which holds 55.41 million shares representing 7.32 and valued at over $3.19 billion, while STATE STREET CORP holds 4.3119 of the shares totaling 32.64 million with a market value of $1.88 billion.
Bank Of New York Mellon Corp (BK) Insider Activity
The most recent transaction is an insider sale by Smits Hanneke, the company’s Sr. Exec. Vice President. SEC filings show that Smits Hanneke sold 15,000 shares of the company’s common stock on Jul 18 ’24 at a price of $64.11 per share for a total of $0.96 million. Following the sale, the insider now owns 0.17 million shares.
Bank Of New York Mellon Corp disclosed in a document filed with the SEC on May 08 ’24 that Santhanakrishnan Senthilkumar (Senior Exec VP) sold a total of 15,643 shares of the company’s common stock. The trade occurred on May 08 ’24 and was made at $57.65 per share for $0.9 million. Following the transaction, the insider now directly holds 0.14 million shares of the BK stock.
Still, SEC filings show that on May 07 ’24, Kurimsky Kurtis R. (Corporate Controller) disposed off 6,215 shares at an average price of $57.93 for $0.36 million. The insider now directly holds 24,346 shares of Bank Of New York Mellon Corp (BK).
